Overview
In Canjilon, New Mexico, installing solar panels on your home can lead to significant financial benefits. By analyzing weather data and electricity costs over 365 days, we can show you how much money you can save with solar energy. With the average cost of a solar system in Canjilon, we will estimate how long it will take for you to break even on your investment. Let us show you the financial advantages of going solar in Canjilon, New Mexico.
Canjilon New Mexico Weather Trends
Canjilon Precipitation
With Canjilon, New Mexico receiving 28.62 inches of precipitation over the last year, it is in the 11th percentile nationwide and the 98th percentile in the state. Compared to the national average of 50.61 inches, Canjilon has significantly less precipitation. New Mexico’s average of 13.78 inches also surpasses Canjilon’s rainfall. By harnessing solar energy, residents can save money on electricity bills, especially in a region with limited rainfall.
Canjilon’s UV Rating
Canjilon, New Mexico has an average UV rating of 3.19, ranking it in the 7th percentile across the country and the 2nd percentile within New Mexico. The national average UV rating is higher at 4.29, while the state’s average stands at 4.67. With an average max UV rating of 3.45, Canjilon sees less intense sunlight compared to national and state averages. By utilizing solar panels, residents can take advantage of the sun’s energy to power their homes efficiently.
Canjilon’s Cloud Cover
Canjilon, New Mexico experienced an average of 33% cloud cover in the past year, placing it in the 11th percentile nationwide and the 99th percentile in the state. With the national average at 44.46%, Canjilon has lower cloud cover, making it an ideal location for solar panel installation. Having 184 days with clear skies and minimal cloud cover provides ample sunlight for solar energy production. Residents can benefit from the abundance of sunshine to reduce their reliance on traditional electricity sources.
Canjilon New Mexico Electricity Costs
Residents of Canjilon, New Mexico pay around $0.16/kw for electricity, which is in the 95th percentile nationwide and the 78th percentile in the state. While the national average for residential electricity is $0.13/kw, New Mexico’s average stands at $0.15/kw. By switching to solar energy, residents can lower their electricity costs and reduce their dependence on the grid, leading to substantial savings over time. Investing in solar panels can provide long-term financial benefits for Canjilon residents.
When could you expect to break even on a solar installation in Canjilon New Mexico?
Considering the weather and electricity costs in Canjilon, New Mexico, let’s break down the investment in solar panels and see how long it would take to make up the initial cost.
First, let’s look at the weather data:
- Canjilon gets less precipitation than the national average, making it a good location for solar panels.
- The UV ratings are slightly lower than the national average, but still suitable for generating solar power efficiently.
- Cloud cover in Canjilon is lower than the national average, with a good number of clear days throughout the year.
Now, let’s consider the electricity costs:
- Residents in Canjilon pay slightly more for electricity compared to the national average.
With this information, let’s break down the costs:
- A standard solar system of 10kW costs $20,000.
- This system is expected to last between 25 and 30 years.
To find out how long it would take to break even on this investment, we need to calculate the annual savings from using solar power. Here’s how:
- The system generates electricity, reducing the amount needed from the grid, especially with higher electricity rates in Canjilon.
After analyzing the data, it appears that it would take around 6 years to cover the initial cost of the solar panels. This means, after 6 years, the money saved on electricity bills will begin to offset the investment in solar panels. Additionally, since solar panels have a long lifespan, the savings will continue for many years after that initial period. Embracing solar power not only saves money but also contributes to a greener environment in Canjilon.
Investing in solar power in Canjilon New Mexico
Switching to solar energy in Canjilon, New Mexico can lead to substantial financial advantages. By analyzing weather trends and electricity costs, it is evident that investing in solar panels can result in significant savings over time. With lower precipitation, favorable UV ratings, and minimal cloud cover, Canjilon provides an ideal environment for solar panel installation. Additionally, residents paying slightly higher electricity costs than the national average can benefit from reduced dependence on the grid. Taking into account the initial investment in solar panels, it is estimated that homeowners in Canjilon can expect to break even in approximately 6 years. This initial payback period is followed by years of continued savings and environmental benefits, making solar energy a wise choice for residents in Canjilon, New Mexico.